Job Description

JOB TITLE: UNDERWRITER LOCATION: REMOTE DURATION: PERMANENT FULL TIME

The Underwriter will review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrower’s ability to repay (income, employment and assets), borrower’s credit history and the collateral (property). UW’s are granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines and client overlays. Underwriter responsibilities include but are not limited to the following:

SOME RESPONSIBILITIES WILL INCLUDE:

• The ideal candidate will have over Three to Four years of experience independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
• Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss.
• Responsible for ensuring all documentation meets program and AUS requirements
• Reviews and validates income and asset documentation
• Reviews AUS findings
• Issues underwriting decision and notifications of clear to close
• Reviews all credit documentation
• Reviews and approves all Trusts
• Ensure adherence to any client overlays
• Mortgage Insurance certs
• Issues Denials and 2nd tier manager reviews
• Suspend file if credit decisions are unable to be rendered
• Typically reports to a supervisor or manager.

QUALIFICATIONS BASIC

• High School Diploma or GED equivalent
• At least 2-4 years of relevant work experience

PREFERRED

• Familiar with standard mortgage concepts, practices, and procedures within a particular field.
• Should have working knowledge with any Mortgage loan origination application. Preferably, BKFS application – Empower, MSP
• Relies on limited experience and judgment to plan and accomplish goals
• Performs a variety of tasks.
• Excellent mathematical and statistical aptitude.
• A certain degree of creativity and latitude as expected

“Compunnel is a proud equal opportunity employer. We cherish diversity and harbor inclusivity. Any discrimination on basis of race, religion, color, nationality, gender, sexual orientation or other applicable legally protected characteristics is forbidden.”

Company Description

Compunnel Inc. has always been and will always be an Equal Opportunity Employer. Where every individual, solely on their merit, qualification and competency not only has equal economic opportunity but also for recruiting, training and career development. Our 2000+ members reflect a culture of diversity and inclusion and bring their authentic, original and best selves to work. Our inhouse team who looks over no discriminate against any employee and puts affirmative actions has full support of our Chief executive officer Andy Gaur and its top leaders branched out across Compunnel.